The Sunday Mail
Online Reporter
ZIMBABWE has improved on the sustainability and innovativeness pillars of the global competitiveness index (GCI) and surpassed the SADC and global average scores.
According to the World Economic Forum (WEF), Zimbabwe’s score on sustainability increased to 56.21, exceeding SADC and global scores of 49.48 and 49.83, respectively.
This sustainability score indicates the country’s growth trajectory in ecological and environmental issues.
Zimbabwe also improved on the innovativeness pillar, with a score of 29.7, which represents an improvement from 27.2 in 2019.
Briefing the media on the 2024 Competitiveness and Future Growth Report in Harare recently, National Competitiveness Commission (NCC) executive director Mr Phillip Phiri said:
“Under the sustainability pillar, the country’s average score of 56.21 is above the SADC and global average scores of 49.48 and 49.83, respectively, indicating that the country’s growth course is taking into account the need to cater for ecological and environmental issues.”
The ‘Future of Growth’ initiative sought to come up with a two-year mechanism to chart a new narrative for economic growth, supporting policymakers, economists and other experts from around the world in identifying the best pathways to balance growth, innovation, inclusion, sustainability and resilience.
NCC chief economist Mr Douglas Muzimba added:
“The report proposes a new way for assessing economic growth that balances efficiency with long-term sustainability, resilience and equity, as well as innovation for the future, aligning with both global and national priorities.”
Sustainability reports are slowly becoming a requirement to be incorporated into companies’ financial evaluations.
